From Architecture to £1.5K per Sq Ft London Sites using Smart JV Deals with Michael Langley
Description
Ready to grow your property business without the hype? Start your free two-month membership trial with This Property Life today! https://bit.ly/this-propertylife-memebership
——————————————————————
In this episode of This Property Life, host Sarah Blaney sits down with Michael Langley, a small-scale property developer who has built his business through smart partnerships and a clear vision.
What You'll Learn:
- How Michael’s architectural skills contribute to the development process
- How Michael and Christian structured their JV to leverage their combined skill sets
- The process Michael uses to evaluate sites, including market research and feasibility studies
- How to mitigate risks related to planning, cost overruns, and managing timelines
- Subcontractor management, cost of materials, and dealing with unexpected delays
Timestamps
[02:12 ] - Michael's transition from architecture to property development
[06:22 ] - Michael discusses meeting his business partner, Christian
[11:57 ] - How profit and project responsibilities are split in their JVs
[19:13 ] - Explanation of Special Purpose Vehicles (SPVs) and their operational structure
[23:55 ] - The cost breakdown of building in different areas
[31:24 ] - Case study of their current development project in Forest Hill, London
[42:03 ] - Challenges in construction costs and subcontractor management
[46:34 ] - Planning delays and the frustrations with under-resourced planning departments
[57:26 ] - Stress-testing deals to ensure investor returns even with market fluctuations
[59:47 ] - Michael’s advice for new developers
This Episode is Kindly Sponsored by:
Visit thispropertylife.co.uk for more resources, networking events, and industry insights.
Follow Michael Langley Socials:
- LinkedIn: https://www.linkedin.com/in/michael-langley-mla/?originalSubdomain=uk
- Instagram: https://www.instagram.com/mlangleyproperty/
Follow MLA Architecture Ltd:
- Website: https://mla-architecture.co.uk/
- Instagram: https://www.instagram.com/mlaarchitecture/
Follow Turnkey Developments Ltd:
- Website: https://www.turnkey-developments.co.uk/
- Instagram: https://www.instagram.com/turnkey_developments/
Follow This Property Life Podcast on Socials:
- Website: https://thispropertylife.co.uk/
Hosted on Acast. See acast.com/privacy for more information.
United States
